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JOB MARKET UPDATE
NY Fed's John Williams flags need to gather more information on inflation risks before rate decisionsFederal Reserve officials John Williams and Alberto Musalem have flagged persistent inflation risks, with rapid AI infrastructure investmen...- Federal Reserve rate hike bets strengthen as US jobs growth beats estimatesStronger than expected US jobs growth has revived expectations of a December Federal Reserve rate hike, with employers adding 165,000 jobs ...
- US stocks today: Nasdaq rebounds as chip stocks recover from steep losses, rate fears persistUS stocks rebound as chipmakers recover from Thursday's steep AI-led selloff, lifting the Nasdaq 1.73%. Nvidia, AMD, Intel and Micron lead ...
- US stock market today: Why is the Nasdaq up 1% while the Dow Jones falls? S&P 500 turns green amid tech stock volatility and Fed rate hike fears over strong October jobs reportUS stock market today: Wall Street is seeing a split recovery on Friday after Thursday's AI-led sell-off. The Nasdaq has jumped 1.02%, whil...
- US employers added a surprising 165,000 jobs in October; unemployment rate dipped to 4.1%US employers added 165,000 jobs last month, surpassing economists' expectations and bringing the unemployment rate down to 4.1%. The Labor ...
- Binance $6.3 billion heist to prompt closer scrutiny by insurersFollowing the $6.3 billion Binance heist, insurers are stepping up their scrutiny of cryptocurrency firms' security measures. During policy...
- Canada launches free CRS calculator to help Express Entry candidates check new high-wage pointsCanadaVisa has released a free online calculator for Express Entry candidates to determine their Comprehensive Ranking System (CRS) scores ...
- Canada plans to welcome up to 622,000 new permanent residents by 2027 under the new immigration planCanada plans to grant permanent residence to up to 622,000 people by the end of 2027 through a combination of new admissions and measures t...
- Fed's Beth Hammack and Thomas Barkin favour gradual rate hikes as inflation stays highTwo officials from the Federal Reserve have supported modest and steady interest rate increases to combat high inflation. They believe thes...
- Stock markets down today: Dow Jones plunges 1,753 points, S&P 500 drops 4% and Nasdaq enters correction - why Wall Street reversed its post-election rallyStock markets down today: Wall Street's post-election rally quickly turned into a major sell-off as the Dow plunged 1,753 points and the Na...
- AI stocks retreat as Democratic sweep puts data centre boom in focusAI-related stocks came under pressure on Wednesday despite a broader Wall Street rally following the Democratic sweep of Congress. Data cen...
- Democrats’ Senate win could shield Federal Reserve from Trump’s influence, but risks persistDemocrats’ midterm victory could strengthen the Federal Reserve’s independence by limiting President Donald Trump’s ability to appoint alli...
- Canva layoffs: Top manager feels ‘deja vu’, urges colleagues to ‘to be kind’ after 1,271 job cutsCanva employee Artemi Ollin says the company's decision to cut 1,271 jobs feels like “déjà vu” after he experienced layoffs at Google. In a...
- US Treasury yields climb as strong jobs data, midterm polls weigh; 10-year yield eyes 5% againUS Treasury yields climbed as stronger than expected September jobs data pointed to a resilient labour market, while investors awaited the ...
- US job openings increase sharply by 333,000 in SeptemberIn September, the US saw a notable increase in job openings, showing a rise of 333,000. Layoffs fell to 1.641 million, providing evidence o...
- Social Security COLA 3.6% vs 3.4% wage growth: will retirees gain more buying power than workers earning wages in 2027, and is inflation eating the raise?Social Security benefits are set to increase by 3.6% in 2027, but will retirees actually feel richer? The answer depends on how quickly eve...
- Amazon layoffs to 'improve efficiency': What they mean for employees & how they compare with job cuts at Microsoft, Netflix and Oracle across Big TechAmazon layoffs: Amazon has cut around 250 jobs in its devices and services division, primarily in software development, as it looks to stre...
- Canada changes limit on work permit applications during LMIA decision waits for foreign workersCanada has lifted the 90-day limit on certain work permit applications while employers wait for Labour Market Impact Assessments (LMIAs). T...
- Fed's Kevin Warsh says US economy not running too hot from AI boomFederal Reserve Chairman Kevin Warsh said on Wednesday that the US economy is not running too hot despite some demand pressures from the bo...
- 'I am so torn on what to do': Microsoft employee returning from maternity leave offered voluntary exit, turns to internet for adviceA Microsoft employee in Canada says she was offered a voluntary exit package worth around 10 months of pay just before her maternity leave ...
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